The Latest SPAC News and Rumors: June 22, 2021

Jun 22, 2021 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Vivendi shareholders approve Universal Music Group spin-off, family offices tap into SPACs, and ironSource merger creates 230 new millionaires

Vivendi Investors Approve UMG Plans in Activist Rebuke

Vivendi SE shareholders voted to approve the spinoff of Universal Music Group, paving the way for the world’s largest music company to be listed in Europe.

CITIC Capital Acquisition Corp. (CCAC) to Combine with Quanergy in $1.1Bn Deal

Jun 22, 2021 INTEL by Nicholas Alan Clayton

CITIC (NYSE:CCAC) has entered into a definitive agreement to combine with lidar-maker Quanergy at an enterprise value of $1.07 billion, or 2x its 2025E revenue. Sunnyvale, California-based Quanergy is developing next-generation lidar arrays for the automotive and industrial automation space to be used for both navigation and imaging purposes. The combined company is expected to
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Golden Path Acquisition Corp. (GPCOU) Prices $50M IPO

Jun 22, 2021 IPOs by Marlena Haddad

Golden Path Acquisition Corp. announced the pricing of its $50M IPO and its units are expected to begin trading on the Nasdaq under the symbol “GPCOU” Tuesday, June 22.

The new SPAC aims to combine with a target that is involved in a strategically significant sector in the Asian markets, such as internet and high technology, and has an enterprise value between $150 million and $300 million.

DD3 Acquisition Corp. II (DDMX) to Combine with Codere Online in $353M Deal

Jun 22, 2021 INTEL by Nicholas Alan Clayton

DD3 II (NASDAQ:DDMX) has entered into a definitive agreement to combine with gaming platform Codere Online at an enterprise value of $353 million, 2.3x its 2022E revenue. Madrid-based Codere Online is the internet division of the Codere Group (MD:CDRE), which operates physical casinos in Spain, Italy, Mexico, Colombia and Panama. Codere Online offers sports betting
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Sustainable-opportunities-metals-company-4x6

Reminder: Sustainable Opportunities Acquisition Corp. & The Metals Company: Live Q&A – June 22nd, 1:00PM

Jun 21, 2021 INTEL by Kristi Marvin

Sustainable Opportunities Acquisition Corp. (NYSE: SOAC) & The Metals Company will be holding a live presentation and Q&A Tuesday (tomorrow) at 1:00 p.m. (ET). If you haven’t previously registered, you can do so by clicking the link below.

The Latest SPAC News and Rumors: June 21, 2021

Jun 21, 2021 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Missouri Cobalt hires Goldman to go public through SPAC, WeWork’s occupancy increased in May, Zoomcar eyes listing via SPAC, and Amazon in talks to buy 20% of Plus

U.S.

Pershing Square Tontine (PSTH) Makes Universal Music and SPARC Moves Official

Jun 21, 2021 INTEL by Nicholas Alan Clayton

Pershing Square Tontine Holdings (NYSE:PSTH) announced Sunday that it has entered into a definitive agreement with Vivendi (PA:VIV) to acquire 10% of Universal Music Group (UMG). The announcement also makes official the SPAC’s two other transactions – initially announced June 4 – that it would leave a publicly-listed RemainCo to seek out a separate deal
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SPAC IPO Terms Tracker: SPACs Still Grinding Through

Jun 20, 2021 INTEL by sam.beattie

Terms Tracker for the Week Ending June 18, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. There was a slight down tick in the number of IPOs priced last week, going from nine to six. However, as has been the case
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Arrival (ARVL) Calls For Cash Redemption of Warrants

Jun 18, 2021 INTEL by Marlena Haddad

Electric vehicle (EV) manufacturer Arrival (NASDAQ:ARVL) disclosed in a press release today that it had elected to redeem its public warrants for cashless exercise at a price of $11.50. Arrival, which was the combination company of CIIG Merger Corp (NASDAQ:CIIG), and de-SPAC’d on March 19, 2021, currently has 12,937,493 public warrants outstanding. Registered holders of
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Leo Holdings III Corp. (LIII) to Combine with Local Bounti in $757M Deal

Jun 18, 2021 INTEL by Nicholas Alan Clayton

Leo III (NYSE:LIII) has entered into a definitive agreement to combine with indoor agriculture company Local Bounti at an enterprise value of $757 million, or 1.6x its 2025E revenue. Hamilton, Montana-based Local Bounti sells leafy greens out of indoor farms designed with technology to achieve record harvest turnarounds and 90% less land and water. The
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The Latest SPAC News and Rumors: June 18, 2021

Jun 18, 2021 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Malaysia’s Carsome mulls merger with U.S. SPAC, Paris Plays Catch-Up With Frankfurt in SPAC Race, and European companies compete in SPAC race

Malaysia’s Carsome Weighs U.S.

Top 3 SPAC Targets – Post-Pandemic Travel

Jun 18, 2021 INTEL by Nicholas Alan Clayton

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies in the sphere of travel. We look at why they are compelling and why each could be a fit for a blank-check merger.

JAWS Juggernaut (JUGGU) Prices Upsized $240M IPO

Jun 18, 2021 IPOs by Marlena Haddad

JAWS Juggernaut Acquisition Corp. announced the pricing of its upsized $240 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “JUGGU” Friday, June 18.

Acies Acquisition Corp. (ACAC) Shareholders Approve PLAYSTUDIOS Deal

Jun 17, 2021 INTEL by Marlena Haddad

Acies Acquisition Corp. (NASDAQ:ACAC) announced in a press release that its shareholders approved its combination with social gaming developer PLAYSTUDIOS, Inc. at a special meeting earlier today.

The press release did not mention redemption amounts, but it notes that approximately 97% of the votes cast at the special meeting approved of the business combination.

Hudson Executive (HEC) Shareholders Approve Talkspace Deal

Jun 17, 2021 INTEL by Marlena Haddad

Hudson Executive Investment Corp. (NASDAQ:HEC) shareholders announced in a press release today that its shareholders approved its combination with virtual behavioral healthcare company Talkspace at a special meeting earlier today.

The press release did not mention redemption amounts, but stated that 94.51% of the votes cast, representing approximately 74.05% of HEIC’s outstanding shares, voted to approve the business combination with Talkspace.

The Latest SPAC News and Rumors: June 17th, 2021

Jun 17, 2021 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Farming startup Infarm is in talks to merge with Kernel SPAC while Fusion in talks to launch new blank-check company and aims to list in London

Infarm Is in Talks to Go Public Via Merger with Kernel SPAC

Indoor farming startup Infarm is in advanced talks to go public through a merger with blank-check firm Kernel Group Holdings Inc.

GS Acquisitions Holdings Corp II (GSAH) to Combine with Mirion Technologies in $2.6Bn Deal

Jun 17, 2021 INTEL by Nicholas Alan Clayton

GS II (NYSE:GSAH) has entered into a definitive agreement to combine with nuclear services and radiology firm Mirion at an enterprise value of $2.56 billion, or 13.3x its 2022E EBITDA. San Ramon, California-based Mirion provides radiation detection equipment and services to sectors ranging from nuclear power generation to defense and nuclear medicine. The combined company
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Crescent Acquisition Corp. (CRSA) Shareholders Approve LiveVox Deal with Heavy Redemptions

Jun 17, 2021 INTEL by Marlena Haddad

Crescent Acquisition Corp. (NASDAQ:CRSA) shareholders have approved its combination with LiveVox, but redemptions wiped out 61% of the SPAC’s trust in connection with the vote yesterday. The parties now expect to close the deal June 18, after which its shares and warrants will trade on the Nasdaq under the symbols “LVOX” and “LVOXW,” respectively. SPACs
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Sustainable Opportunities Acquisition Corp. & The Metals Company: Live Q&A – June 22nd, 1:00PM

Jun 17, 2021 INTEL by Kristi Marvin

A

Live Management Presentation and Q&A

Sustainable Opportunities Acquisition Corp. (NYSE: SOAC)

The Metals Company

Speakers

The Metals Company, CEO & Chairman: Gerard Barron
The Metals Company, CFO: Craig Shesky
Sustainable Opportunities Acquisition Corp.

Corner Growth Acquisition Corp. 2 (TRONU) Prices $175M IPO

Jun 16, 2021 IPOs by Kristi Marvin

Corner Growth Acquisition Corp. 2 announced the pricing of its $175 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “TRONU” tomorrow, Thursday, June 17.